- Quarterly dividend increased by $0.05 to $1.20 per share.
- Over 50% of net operating cash flow returned to investors.
- 15% compound annual growth rate in dividends since 2012.
Phillips 66 (PSX, Financial) has announced an increase in its quarterly dividend, raising it by $0.05 to $1.20 per share. This dividend is scheduled to be paid on June 2, 2025, to shareholders of record as of May 19, 2025. The decision to increase the dividend reflects the company's ongoing commitment to returning value to its shareholders, as highlighted by Chairman and CEO Mark Lashier.
Since its inception in 2012, Phillips 66 has consistently increased its annual dividend, achieving a 15% compound annual growth rate. The company continues to leverage its strong cash flow generation and integrated portfolio to ensure a secure and growing dividend for its investors. The company returns more than 50% of its net operating cash flow to shareholders, which underscores its focus on maintaining shareholder value.
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